By Ron Bousso and Robert Harvey LONDON (Reuters) -Grangemouth, Scotland’s only oil refinery, is to close in 2025 with the loss of 400 jobs, operator Petroineos said on Thursday, as part of plans to turn the 100-year old plant into a fuels import terminal. Petroineos said last November it was preparing to shut Grangemouth, Britain’s …
Scotland’s only oil refinery to close next year, 400 jobs to go Read More »
By Michael Holden LONDON (Reuters) – Britain’s Prince Harry will turn 40 in California on Sunday, thousands of miles away from his royal roots, with no sign that distance is dimming interest in King Charles’ younger son. With his Netflix documentaries, his charity work, his legal battles with the British tabloid press and his rift …
Prince Harry turns 40 on Sunday with eyes focused on his future Read More »
LONDON (Reuters) – British health and beauty retailer Boots has promoted Anthony Hemmerdinger to the managing director role, succeeding Seb James on Nov. 4, it said on Thursday. Boots UK, owned by U.S. listed Walgreens Boots Alliance, is one of Britain’s biggest retailers, trading from about 1,900 stores and employing 52,000. Hemmerdinger, a former Asda …
UK’s Boots names Anthony Hemmerdinger as new boss Read More »
By Sinead Cruise LONDON (Reuters) – The Bank of England aims to roll out revised new rules on how much capital UK banks must set aside to cope with future crises, as it juggles efforts to shock-proof lenders while supporting growth and without hurting their global commercial interests. In a speech published on Thursday, the …
Bank of England eyes growth with lighter bank capital reforms for UK lenders Read More »
By James Davey LONDON (Reuters) – British retailer the John Lewis Partnership reported a 91% reduction in first half losses and said it was on track to deliver “significantly higher” full-year profit as its turnaround plan gathers pace. Former Tesco executive Jason Tarry is set to succeed Sharon White as chairman of the UK’s largest …
By Shaloo Shrivastava BENGALURU (Reuters) – The Bank of England will keep its main interest rate at 5.00% next week but reduce it in November even though inflation is expected to stay above the central bank’s 2% target, a firm majority of economists in a Reuters poll said. In August the BoE cut its Bank …
LONDON (Reuters) – British property surveyors expect sales to continue to grow in the coming months after a gauge of house prices turned positive for the first time in nearly two years, though concerns remained about affordability despite easing borrowing costs. The Royal Institution of Chartered Surveyors said on Thursday that its main house price …
UK housing market recovered further in August, RICS survey shows Read More »
By Suban Abdulla LONDON (Reuters) – Pay awards granted by British employers fell during the three months to July, according to a survey that chimed with an official gauge of cooling wage growth that should keep the Bank of England on track to cut interest rates later this year. Incomes Data Research said on Thursday …
UK pay settlements lowest in nearly two years, IDR survey shows Read More »
By Catarina Demony LONDON (Reuters) – All three candidates running to become the next secretary-general of the Commonwealth, a 56-nation club headed by Britain’s King Charles, said on Wednesday they supported reparations for transatlantic slavery and colonialism. The Commonwealth evolved out of the British empire and is one of world’s biggest international organisations, covering some …
Slavery reparations backed by all candidates vying for Commonwealth boss Read More »
By Purvi Agarwal and Khushi Singh (Reuters) -The UK’s benchmark FTSE 100 stock index ended lower on Wednesday, led by a decline in Rentokil shares after the pest control company warned on North America weakness, while investors assessed the latest U.S. inflation numbers. The blue-chip FTSE 100 was down 0.2%, while the mid-cap FTSE 250 …
FTSE 100 drops on Rentokil warning; U.S. inflation data weighs Read More »
